yale university president salary

Tufts highest expense - compensation - was $549 million (about 50% of revenue) for 12,647 employees, which equates to an average compensation of $44,000 (compared to $46,000 at Georgetown, $42,000 at Boston College, $74,000 at University of Chicago, and $64,000 at Princeton). Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. The top ten most highly compensated individuals are all men. The IRS Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016) reports 3,585 individuals received more than $100,000 in compensation with the 22 most highly compensated individuals listed below: As illustrated above, the most highly compensated individuals work in investments managing the $26 billion in assets. Biography. Blyth has since been replaced in his role at Harvard by Nirmal Narvekar, who earned $6 million in 2015 while leading Columbia Universitys investments office. A legal scholar and inspiring leader, Magill joined Penn after serving as Executive Vice President and Provost at the University of Virginia and, prior to that, as the Richard E. Lang Professor and Dean of the Stanford Law School. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. Quinnipiac, Yale presidents top list of college salaries in Connecticut, Hamden school board member Walter L. Morton IV to run for mayor, New Haven's 'Tent City' residents get a reprieve, for now. $524,436 during her first six months (July to December 2018) as Quinnipiac president. Although the organization primarily relies on program service revenue (i.e. Required fields are marked *, Building permit for air conditioning unit installation in Larson Hall, Building permit for interior renovation to Quinnipiac President Judy Olian's house, Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to. Yale was originally chartered by the colonial legislature of Connecticut as the Collegiate School and was held at Killingworth and other locations. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . The average salary for a full professor at a private doctoral university is nearly $203,000, while the salary for a full professor at a public baccalaureate college is just over $99,000. Salovey's compensation included $948,084 in base pay, $53,741 in nontaxable pay and . His intention was for the institution to be home to exceptional individualsmen and women with imagination and extraordinary dedication capable of working at the cutting edge of their fields. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. The university does not release additional details about its operating budget outside the 990., This isnt about me: Tricia Fabbri reacts to her 500th career victory, Audit shows significant deficiencies in QUs financial recordkeeping. The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. Laheys base pay is the ninth highest among private college presidents. The most recently reported data from The Chronicle of Higher Education from 2019 shows that the five highest-paid university presidents all lead private institutions. A CT bill would expand it fur, Is CT recycling going into the trash? University Chief Investment Officer David Swensen earned $4.2 million in 2015, marking yet another year in which the man leading the management of Yales multibillion-dollar endowment remained the schools highest paid employee. Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. The estimated additional pay is $107,942 per year. Bloomberg first reported Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. However, 40 percent of his income was due to deferred compensation. He holds secondary faculty appointments in the School of Management, the School of Public Health, the Institution for Social and Policy Studies, and the Sociology Department. AAUP Faculty Salaries (W060) Faculty Salaries at Yale and Peer Schools (W061) Faculty Benefits at Yale and Peer Schools (W062) University Faculty Salary & Benefits (W107) Finance & Administration; Yale Community Diversity During her time at Penn, Gutmann championed affordable education access for low-income and first-generation students, more than doubling the number of these students on campus. The estimated base pay is $151,651 per year. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason University. Your email address will not be published. Save. In an interview with the News in April, Massachusetts Institute of Technology finance professor Andrew Lo 80 said the constraints on university salaries prevent many institutions from hiring someone of Swensens caliber. The office is widely recognizedas the best endowment manager in higher education, generating a 13.9 percent annualized return between fiscal 1985 and fiscal 2015 that outperformed the average return of colleges and universities measured by the National Association of College and University Business Officers by 5.0 percent per annum for the same period. Andrew Carnegie founded the Carnegie Institution of Washington (Carnegie Science) in 1902 as an organization for scientific discovery. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). Quinnipiac, Yale Presidents Among 50 Highest, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Welcome to the new courant.com: Whats changed, FAQs and more, Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of Private Colleges, CT legislators raising questions about heating assistance program, CT secures $18 million to combat PFAS in drinking water. 1 job to view and apply for now with The Chronicle of Higher Education Jobs University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Despite being the second highest-paid university president in 2019 due to his sizable compensation package for the year, Klasko's total pay in 2019 was an 18% decrease from the $5.4 million he earned the previous year. President Peter Salovey will make six appointments to high-level positions currently being held by interim or retiring faculty by the end of the spring 2023 semester, the . Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to the 990 tax filing form for the fiscal year ending June 2020 that the IRS released in June. The Office of the General Counsel (OGC) provides legal counsel, representation, and oversight of work on the wide range of legal matters affecting Yale University and its component organizations. She began her 18-year tenure at Penn in 2004 and officially stepped down in February 2022 after being confirmed as the U.S. ambassador to Germany. He was making 50 times the average faculty member. Assistant Professor (minimum) 90,000. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. This contamination is a threat., Labor asks CT to regulate Amazon warehouse quotas, A CT man faces state charges. Of the $54 million spent on travel, it is unclear what portion was spent on first class and chartered travel. Presidents of public universities have higher salaries than any elected or appointed public official. President compensation at over 400 private colleges and universities. Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. University Job TitleAssistant Vice President, DevelopmentBargaining UnitNone - Not included in theSee this and similar jobs on LinkedIn. $36,853 / yr. PhD Graduate Student salaries - 159 salaries reported. The following costs only included the estimated costs listed in the building permit of each project, it did not include costs listed in its electrical, mechanical and plumbing permits. 2023 BuzzFeed, Inc. All rights reserved. The Universitys compensation structure consists of many salary grades and bands. $53,702 / yr. Accessibility not specifically part of South Quad construction planning, university official says, Why QU law and other schools are dropping out of this popular college ranking. As Yale's chief legal officer and legal . Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role. Quinnipiac vice president for public affairs Lynn Bushnell in a statement said the university adheres to standards of corporate governance in establishing executive compensation for all senior-level officers., Compensation levels are set by the personnel committee of the Board of Trustees and are determined after reviewing compensation levels at comparable institutions, Bushnell said in the statement. Yale's succeeding president Peter Salovey ranks 40th with a 2020 salary of $1.16 million. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. He holds secondary faculty appointments in the School of Management, the School of Public Health, the Institution for Social and Policy Studies, and the Sociology Department. Over the last decade, experts have noted significant increases in university presidents' pay that show no signs of slowing down soon. You are also agreeing to our Terms of Service and Privacy Policy. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. Pounds / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, West Haven public housing waitlist highlights 'national crisis', New Haven St. Patrick's Parade led entirely by women this year, SCSU president steps down, accepts presidency at NJ university, State grants charter for all-boys school proposal in New Haven, Three arrested in connection with Woodbridge burglaries, cops say, Study: Tweed expansion would bring environmental improvements, CT board pressures West Haven on financial oversight fixes, Student brought knife to CT elementary school, official says, A reversal of fortune: Derby retail center continues rebound with new tenant American Freight, 'Tent City' residents get reprieve, for now, after New Haven, state order them to clean up, Three arrested in connection with string of January burglaries in Woodbridge, police say, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Tweed New Haven environmental study says expansion would bring improvements, Milford development would include 50 apartments, municipal parking garage, CT grants charter for New Haven all-boys school proposal, The Best Private High Schools near New Haven, Guide to Legal Cannabis Dispensaries in CT, The Best Private Preschools Near New Haven. Howard Roberts Lamar '51 Ph.D., a venerable expert on the American West and Sterling Professor Emeritus of History who helped guide Yale through a turbulent period as university president in the early 1990s, died on Feb. 22. Feb 2021 - May 20214 months. An independent compensation firm validates the list of appropriate peer institutions. PGY-1. In 1716 the school was moved to New Haven, and in 1718 it was renamed Yale . Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Administrative Vice Presidents. A handful of the highest-paid college presidents have resigned from their posts. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. Machtley, 70, announced last May he would retire at the end of the 2020 school year. How Revenue is Spent at the AFL-CIO(2020), $4,238,803: David F Swensen, Chief Investment Officer, $3,204,864: Dean J Takahashi, Sr. Director of Investments, $1,790,227: Timothy R Sullivan, Director of Investments, $1,530,354: Khalid M Abbed, Chief Neurosurgery, Spine, $1,487,113: Alan Forman, Director, Investments, $1,366,401: Peter Salovey, Trustee and President, $1,171,984: Masoud Azodi, Professor, OB/GYN, $1,099,606: Peter G Shulam, Chair, Dept of Urology, $ 917,138: Robert J Alpern, Dean, School of Medicine, $ 639,608: Michael A Peel, VP for HR and Administration, $ 610,539: Bruce D Alexander, VP for New Haven and State Affairs, $ 573,359: Dorothy K Robinson, Former VP and General Counsel, $ 568,149: Alexander E Dreier, VP and General Counsel, $ 556,311: Linda K Lorimer, Former VP for Global and Strategy Initiative, $ 551,009: Joan E ONeill, VP for Alumni Affairs and Development, $ 545,706: Shauna R King, VP for Finance and Business Operations, $ 512,150: Scott A Strobel, VP for West Campus Planning, $ 454,276: John H Bollier, AVP for Facilities, $ 433,866: Kimberly M Goff-Crews, Secretary and VP for Student Life, $ 416,642: Stephen C Murphy, VP for Finance and CFO, $ 331,944: Michael J Donoghue, Former VP for West Campus Planning, $191,174: Patricia Preisig, spouse of Robert Alpern, a key employee, for compensation as a professor of medicine, $152,892: Stephanie Markovits, spouse of Benjamin Polak, an officer, for compensation as an English Professor, $108,195: Ricecan Realty, LP, (trustee and family members own more than 35%), for income distribution, $102,619: Wendy Sharp, spouse of Dean Takahashi, a key employee, for compensation as Lecturer of Music, $ 65,308: Marta Moret, spouse of Peter Salovey, an officer, for compensation as an Associate. The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. Faculty Salary & Benefits. Bush attended the university about 100 years later. Earlier this month, the Harvard Crimson reported that the schools then-chief investment officer Stephen Blyth earned about $14.8 million in 2015. Though Swensen may earn more than his colleagues in New Haven, his compensation pales in comparison to his counterparts at the helm of at least one other Ivy League endowment despite Yales superior performance. Yale's administration disputed the notion that it had given into pressure from the donors, one of whom donated $250 million to the university in 2013 the largest gift in its history. Like other tax-exempt organizations, Yale is required by the IRS to annually file and make publicly available a document that details financial information including annual expenditure, revenues and information about its highest paid employees. She made $449,579 during her last six months (January to June 2018) as a dean of school of management at the University of California Los Angeles. Johns Hopkins University's Ronald J. Daniels made $1,734,651 in 2017. Tempe, AZ. Here are the highest-paid university presidents from private and public colleges in the US: Ratio of total compensation to average full-professor salary: 16:1, Ratio of total compensation to average full-professor salary: 9:1, Ratio of total compensation to average full-professor salary: 4:1, Ratio of total compensation to average full-professor salary: 11:1, Ratio of total compensation to average full-professor salary: 12:1, Ratio of total compensation to average full-professor salary: 27:1, Ratio of total compensation to average full-professor salary: 10:1, Ratio of total compensation to average full-professor salary: 13:1. $66,573. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. Senior director of investments Dean Takahashi, who earned about $3.2 million, was the second-highest paid employee in 2015. The most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. The Chronicle of Higher Education compiled compensation data from the Internal Revenue . The IRS Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016) reports 3,585 individuals received more than $100,000 in compensation with the 22 most highly compensated individuals listed below: $4,238,803: David F Swensen, Chief Investment Officer. By clicking Sign up, you agree to receive marketing emails from Insider she took last school year beginning in April 2020 due to the COVID-19 pandemic. Yale University; Yale Phonebook; Library & Reference . Enter your email address to follow this blog and receive notifications of new posts by email. Yale's Charter provides that the final authority in the "government, care and management" of the University is the Yale Corporation, a body of nineteen Fellows consisting of the President of the University, who presides at all meetings, the Governor and Lieutenant Governor of the How much do Yale New Haven Health employees earn on average in the United States? Only King Abdullah of Saudi Arabia who recently funded the new King Abdullah University of Science and Technology with $20 billion has done more for a university anywhere in the world, he added. 94,500. Out of the total, $5.6 million was grantmaking money for different regions including North America, Central America, Asia, Europe, Middle East, Africa and Russia and neighboring states. Yale is very fortunate because David Swensen can easily multiply his annual compensation several-fold by simply leaving and creating his own investment fund, Lo said. What used to be a breakdown of salaries, benefits, and bonuses now includes financial perks and opportunities similar to those given to CEOs of major corporations. President, Chabot College Position Type: Management Tenure Information: Position Code: 2EPR01 FTE: 1.0 Pay Rate (or Annual Salary): $217,500. Average Yale University salary is $72,496 Detailed Yale University starting salary, median salary, pay scale, bonus data report ranked by Date, page 5. . The top five reveals a variety of compensation packages that are common among university presidents as a whole. The University of Chicago's Robert Zimmer was the highest paid president on the new list, earning $3,358,723. Jessica Bryant is a data reporter for BestColleges covering higher education trends. It tracks the rising number of Yale administrators and how their salaries have soared, even as faculty pay has remained relatively stagnant. "What higher education is doing is mirroring the behaviors of the corporate world.". California, film director, writer | 775 views, 8 likes, 5 loves, 78 comments, 217 shares, Facebook Watch Videos from Mike Netter: REBUILD CALIFORNIA TOWN. including his $1,012,707 base salary. The hourly rates in effect as of January 22, 2023 are posted below. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. View details. Austin Ligon is an Angel/Seed stage private investor at Tewada Capital; he is an investor and Board Member at Redfin, Inc. and Rev.com Previously, Austin was the Co-Founder, President and Chief Executive Officer at CarMax, the nation's largest retailer of used cars, from its creation in 1991 until his retirement in 2006. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. Learn More Office of the President Info for Visiting Yale Campus Tours Maps & Directions Yale Visitor Center Museums & Galleries New Haven More Visit Resources Founded/President of High School Chapter. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". According to the building permits Hamden issued for the air conditioning unit installations in the three residence halls in May 2019, the projects estimated cost for each hall was at $1.05 million. Use Next and Previous buttons to navigate. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. Swensen has led the investments office Yale since 1985, and is credited for devising the Yale Model of asset allocation that has produced about $35 billion in investment gains since he assumed his role. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. who earned $1.6 million in fiscal 2013 as president of Texas A&M University at College Station. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. It utilizes . CT proposal causes confusion, concern. For the academic year 2021-2022, at Yale University, The Professor salary is increased by 4.08 % from $240,374 to $250,192 over 606 Professors. Yale's former president Richard C. Levin was, at the time, one of the highest paid university presidents in the United States with a 2008 salary of $1.5 million. The staggering cost of a college education perplexes many people who often wonder: Why does a 4-year degree from a top private school cost about $300,000 (or about $70,000-$75,000 annually)? An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . For most executives, base pay accounted for less than half of their total compensation for the year. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. Whether it's comparing her salary against Harvard's $3.9 billion budget or the university's $30 billion endowment, which is run by people making more than $5 million a year. To read more about these benefits, see Schedule J, Part III of the Form 990. Code Title 503 Account Assistant IV 953 Acquisitions Assistant III 628 Much like business-executive pay, university-president compensation has grown over the past decade. How much do Yale University employees earn on average in the United States? Architectural company Centerbrook, one of Quinnipiacs lead architects that was. Forty-two presidents of private colleges were compensated with more than $1 million by their schools in 2011, up from 36 the previous year, according to a report released Sunday by the Chronicle of Higher Education on Sunday. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. The two fiscal years occurring in 2014 saw the endowment return 11.5 percent and 20.2 percent. Full-Time Salaries of Employed Graduates. The return on its endowment was of $1.4B (4.5%), compared to the 3.43% average return ($10.5M on $307M) across all Doctoral Universities. Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. The Highest Paid Private College Presidents, Rensselaer Polytechnic Institute, $1,752,642, Florida Institute of Technology, $1,884,008, presidents of private colleges were compensated, Curt Nickisch pointed out a couple years ago. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Johns Hopkins University . In 2020, Yale University had a total salary expenditure of $4.09B. Kimberly Cline, who heads the university with campuses in Brooklyn and Long Island, pulled down $1,861,026 in 2018, making her the 16th highest-paid president of a private university in the . Where Does $100 to Shriners Hospitals Go(2020)? Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. On benefits, the AAUP found that about 97 percent of full-time professors earn contributions toward their retirement plans from their employers or state or . Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . student income, medical service income, etc) that totaled $1.7 billion in 2016, Yale also relies on investment income which was $2 billion in 2016 (mostly from the gain on the sale of assets and investment income) and contributions (nearly $1 billion of which $448 million were government grants). Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. Posted 02/28/23. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. Her annual pay was often the subject of debate during her tenure, particularly in 2016 when she earned $3.9 million 20 times the median salary of professors at Penn. Peter Hvizdak / Hearst Connecticut Media file photo Show More . In a foreword to a 2009 book authored by Swensen, former Yale Corporation Investment Committee Chairman Charles Ellis 59 wrote that the investments office has contributed multiples more than any of Yales most generous benefactors to the University. to develop the 10-year master plan, also received $425,786 from the university in the same year. The total pay amount is an increase from the $977,219 he made in 2014. Another set of permits were issued the same year in September for a full interior renovation of the three residence halls, the estimated cost for each hall was at $1.9 million. Yale also provided housing allowances or residences for personal use, personal services (i.e. Salt Lake City, UT. the renovation of Larson, Perlroth and Troup residence halls. The gap between what faculty members and presidents earn has also risen. Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. $42,509 / yr. Postdoctoral Research Associate salaries - 150 salaries reported. The average College President salary in the United States is $320,238 as of February 27, 2023, but the range typically falls between $242,991 and $444,708. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. In 2019, Klasko's base pay was over $1.9 million. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. That comparison showed Lahey out ahead of his peers, with Edward Guiliano of the New York Institute of Technology in Old Westbury earning $1.24 million and Lesley M. Hallic of Pacific University earning $695,718.

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